Integrity Journal of Arts and Humanities

Ifá is a religion brought to the world by Ọ̀rúnmìlà, who is a custodian of the deity and who is also regarded as a compendium of wisdom and knowledge. This paper examines Ifá Literary Corpus, both as a complete Yorùbá philosophy and creation for the sustainability of the economy in the society. The paper also goes further to demonstrate the philosophical relevance of the Ifá literary corpus and the relevance of Yorùbá tradition in the development of the economy of the society to reveal the Yorùbá concept of trading, business, profit, wealth and the aspects of life that relate to money. The methodology adopted was based on personal interviews with Ifá priests while the study of earlier writers on Ifá poems known as Odù Ifá verses were translated into English. The paper shows that Ifá Oracle, which touches every aspect of Yorùbá life, can be used to develop the economy of the people for business advantage of the community and the society at large. The paper concludes that Ifá is a well-organised traditional religion which plays a vital role in demonstrating practically various elements of Yorùbá traditional cultural aspects in transmitting a statistically positive effect on economic growth and development to the people of the society.